Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **Trustees Annual Report & Financial Statements**
FOR THE YEAR ENDED 31 AUGUST 2025
**Registered Charity No. 1159133**
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## **Fairbeats Music**
## **Trustees Annual Report & Financial Statements**
FOR THE YEAR ENDED 31 August 2025
|**CONTENTS**|**Page**|
|---|---|
|Report of the Trustees|Pg. 1 - 6|
|Independent Examiner's Report to the Trustees|Pg. 7|
|Statement of Financial Activities|Pg. 8|
|Statement of Financial Position|Pg. 9|
|Notes to the Financial Statements|Pg. 10 - 18|
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## **FAIRBEATS MUSIC**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Charity number Registered office**
**Independent examiner**
Stephen Ryan (Apponitment on 02 May 2025) – Chair Nigel Tyler – Treasurer Esther Trewinnard Alison Dancer Anne-Marie Phillip-Howelll Carolyn Ehman (Resigned on 01 May 2025) Angela Anuforo Segun Lee-French Corinne Bass (Resigned on 06 May 2025) Irene Ogunseitan (Resigned on 18 December 2024) Dorothy Hoskins
1159133 PO BOX 37 St. Leonard's -On - Sea TN38 1NN Jonathan Chartres FCA 31 Moor Park Road, Hereford, England, HR4 0RR
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## **Fairbeats Music**
## **Trsutees Annual Report & Financial Statements FOR THE YEAR ENDED 31 AUGUST 2025**
## **Objectives and activities**
## **Summary of the purposes of the charity as set out in its governing document**
To promote and advance the education of the public in music, particularly young people , and people from
disadvantaged communities, in particular but not exclusively refugees, asylum seekers, new migrants, and those migrants of limited means.
To promote for the public benefit the study of music and other artistic activities in promoting intergrative and supportive communities, and publishing the useful results of such research.
## **Vision and mission**
Our vision is for a society where all refugee, asylum seeking and migrant children and families have the opportunity to participate in musical activity to the extent they wish to. In doing so, they can experience the transformative benefits of music and creativity, and their human right to artistic experiences and expression is upheld.
Our mission is to provide relief and respite to refugee, asylum seeking and migrant children and families through music. In doing so, we aim to be an anchor in a chaotic and challenging world. We offer space and time outside the challenges of everyday existence a nurturing place for children to build friendships, express themselves and have their voices heard.
## **Our main activities:**
1. Leading music projects at and with Action for Refugees in Lewisham
2. Leading music projects at and with Future Foundations (formerly Love to Learn, as was known in this period) Homework Club for young refugees and asylum seekers at the Katherine Low Settlement, Wandsworth
3. Supporting young refugees, asylum seekers and new migrants to access other music making opportunities in London
4. Training music leaders, sharing knowledge about our work with the wider music education community
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Achievements and Performance**
This year Fairbeats Music worked in community settings with our partners at Action for Refugees in Lewisham (AFRIL) and the Katherine Low Settlement in Wandsworth (KLS). We led music-making activities in these settings including singing, fife ukulele, creative music sessions, song-writing and music production (including looping and mixing). Participants were also supported to take part in additional music-making opportunities including ongoing instrumental lessons, performances recordings and trips to cultural organisations.
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**Fairbeats Music**
**TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
**In the period ending 31st August 2025, we achieved the following:**
## **Core projects**
**100** children aged 4-11 took part in **33** weekly term-time sessions at **Rainbow Club** , Action for Refugees in Lewisham (AFRIL); children ages 4-5 participated in creative music sessions, and children ages 6-11 participated in instrumental lessons (ukulele and fife) and creative sessions on the themes including family, emotions and time.
**15** young people took part in music sessions over **12** weeks in term-time sessions at **Love To Learn** (L2L, now known as Future Foundations) at the Katherine Low Settlement (KLS), Battersea. Young people created a song with the theme of ‘celebration’ at the end of the autumn term 2024.
**15** young people aged 11-16 took part in **6** sessions through **Future Leaders AFRIL** at Lewisham Music, Deptford Lounge and Radio Lewisham. The latter was a radio show produced and aired on the same day of the session. Our young people created a radio show and learned interview techniques. The sessions at Lewisham music and Deptford Lounge were early developments of their short film and song about their relationship and connection to music.
**12** young people took part in a new pilot programme of **Future Leaders with KLS** , which included song and lyric-writing music production, vocal recording and crafting as well as a visit to community music and creative arts charity Raw Material and the musical Hamilton.
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## **Fairbeats Music**
## **TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Progression routes**
- **12** young people from Rainbow Club were invited to sing on a track of the new Citizens of the World Choir CD which
- was released in September 2025
- **3** young people were signposted to Tom’s Bursary Award via the Midi Music Company and one has since started
- having 1:1 piano lessons
- **20** young people took part in a 3 day mini-festival series at the L2L homework club for young people aged 4-11. They
- watched live performances and took part in music workshops and Q&As with musicians from different genres including samba, folk and hip-hop. They wrote their own lyrics, played new instruments (including samba drums and ukuleles) and were inspired by the professional musicians.
- Future Leaders AFRIL took part in a workshop with Aga Serugo Lugo and Trinity Laban students as part of Trinity Laban’s ‘CoLab’ programme
- 1 young person become our fourth Young Music Leader Trainee (a Future Leader and graduate of Fairbeats AFRIL)
## **Performances and practice sharing**
We held 2 sharings with families and friends and a Refugee Week performance at Rainbow Club
- We led an end of year sharing at L2L Junior Homework Club on the theme of celebration
- We were featured in a ratio workshop and show
- Catherine Carter led a training session with students from Trinity Laban Conservatoire of Music and Dance to share Fairbeats knowledge and insight on working with young refugees and asylum seekers.
## **Organisational development**
We recruited and welcomed a new Chair of Trustees
- We led and participated in workforce and organisational development including antiracism, decolonisation and strategic planning
- We successfully applied for funding from the Arts and Humanities Research Council (AHRC) to develop a research
- project in partnership with Birmingham City University to co-create an Ethical Framework with Fairbeats participants families and wider Fairbeats community
- We developed our safeguarding policy and procedures
- We began to develop a System of Care to ensure our internal systems, processes and procedures are equitable
- Our CEO took part in AECVO’s Further Faster programme (for charity and civil society CEOs acting against racism), which began in September 2024
- Our co-founder, and now Critical Friend, began development of an Ethical Framework - a tool for music leaders in leading anti-racist and decolonial music practice
- Our CEO went on parental leave in April 2025, so we had a maternity cover CEO for the remainder of the financial year
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## **Fairbeats Music**
## **TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Impact**
- **Outcomes** for children and young people taking part in our programmes in both the short and long-term can be seen
- via our Theory of Change below:
- In total we worked with **167** children and young people aged 4-18 and their families, and with 2 partner organisations
- Youth voice and leadership is a priority at Fairbeats. Over the past year we’ve developed this by:
- Continuing to embed consultation with young people and prioritising giving choice to young people
- throughout core sessions as key principles in our youth voice work
- Increasingly involving Future Leaders in planning and designing sessions, with an emphasis on agency and ownership
Recruiting a new Young Trainee Music Leader, who reported an increase in confidence in her work with young
people and her own social skills, and an increase in her self-esteem following the scheme
- Evaluation with children and young people, parents, music leaders, staff and partners revealed that children and young people:
Enjoyed making their own songs, singing and making sounds
Found projects inspiring
Gained insights into different ways of making music and songwriting techniques
Found highlights to be writing lyric, creating group songs using instruments, making beats, experimenting with digital tools, collaborating with peers and performing
Liked and learned new skills on the drums
Discovered that music is an art form that can be expressed in various ways
- Attend music sessions to learn new skills, be creative, gain confidence, develop themselves, express
- themselves creatively and explore new ways of making music
Developed personal skills such as patience, turn-taking and trying their best
Learned about different genres of music and were inspired by different instruments and musicians
Made friends through Fairbeats activities
Valued the relationship with the music leaders
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
Participant, partner and wider community feedback:
- “Music is good, calm, life, special. It moves in my bones and hips through generations. And fills me til I’m untouchable” (Rainbow Club participant)
- “Music is incredible, good for your soul. My therapy. It moved my heart and my body” (Rainbow Club participant)
- “We connected over our love of music. Fairbeats! makes people feel comfortable and makes a good change for them.” (Future Leaders participant)
## **Reserves Policy**
The Trustees aim to maintain sufficient reserves to ensure financial stability and the continued delivery of the Charity’s objectives.
A target has been set at a minimum of six months’ operating expenditure, reflecting the Charity’s funding profile and operational needs. This provides a buffer to manage financial risks and maintain operations during periods of income uncertainty.
The level of reserves is reviewed quarterly by the Trustees and adjusted as necessary to ensure it remains appropriate.
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## **Fairbeats Music**
## **TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Statement of Trustee Responsibilities**
The trustees are responsible for preparing the Trustees' Report and financial statements in line with applicable law and UK Accounting Standards, including FRS 102.
They must ensure the financial statements give a true and fair view of the charity's position and activities. In doing so, they are required to:
- Select and consistently apply appropriate accounting policies
- Follow the Charities SORP principles
- Make reasonable and prudent judgements and estimates
- Confirm compliance with UK Accounting Standards (or explain any deviations)
- Prepare accounts on a going concern basis unless inappropriate
The trustees confirms that, to the best of their knowledge, all relevant information has been shared with the charity's examiners, and reasonable steps have been taken to ensure the examiners are fully informed.
## **Signed by:**
**----- Start of picture text -----**
6/25/2026
**----- End of picture text -----**
**----- Start of picture text -----**
6/25/2026
**----- End of picture text -----**
**Stephen Ryan Nigel Tyler Chair Treasurer**
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
I report to the trustees on my examination of the financial statements of Fairbeats Music for the year ended 31 August 2025.
This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011 and the Charity Commission’s Directions. Our work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our work, for this report, or for the opinions we have formed.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
The accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jonathan Chartres FCA 31 Moor Park Road, Hereford England, HR4 0RR
Dated: 6/25/2026
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## **Fairbeats Music**
## **STATEMENT OF FINANCIAL ACTIVITES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 August 2025**
**----- Start of picture text -----**
Unrestricted Restricted Total Total
Note Funds Funds 2025 2024
£ £ £ £
Income and endowments from: 3
Grants & Donations 26,556 103,591 130,147 94,191
Charitable activities 1,002 - 1,002 555
Total Income 27,558 103,591 131,149 94,746
Expenditure on: 4
Raising funds 2,299 3,582 5,881 5,288
Charitable activities 24,743 104,433 129,176 98,403
Other - 500 500 480
Total Expenditure 27,042 108,515 135,558 104,171
Net expenditure for the year/
Net movement in funds 516 (4,924) (4,409) (9,425)
Fund balances at 1 September 2024 21,913 9,184 31,098 40,523
Fund balances at 31 August 2025 22,429 4,260 26,689 31,098
**----- End of picture text -----**
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **STATEMENT OF FINANCIAL POSITION**
## **AS AT 31 AUGUST 2025**
**----- Start of picture text -----**
Note 2025 2024
£ £
CURRENT ASSETS
Debtors 8 4,200 4,200
Cash on short term deposit at bank and in hand 10 61,234 70,731
65,434 74,931
CREDITORS:
Amounts falling due within one year 9 (38,745) (43,833)
Net current assets 26,689 31,098
Total assets less current liabilities 26,689 31,098
Income funds
Restricted income 4,260 9,184
Designated Reserve 15,000 13,000
Unrestricted Funds 7,429 8,914
Total Funds 26,689 31,098
**----- End of picture text -----**
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 25.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 27 April 2026 and were signed on its behalf by:
## **Signed by**
**----- Start of picture text -----**
6/25/2026
Stephen Ryan
Chair
**----- End of picture text -----**
**----- Start of picture text -----**
6/25/2026
Nigel Tyler
Treasurer
**----- End of picture text -----**
**Charity registration number 1159133**
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025**
## 1 **Basic of preparation**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.The accounts have been prepared in accordance with: The statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
## **Going concern**
An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **Recognition of income:**
These are included in the statement of Financial Activities (SOFA) when the trustee becomes entitled to the resources,
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## **Grants and donations**
Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
## **Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either with in the control of the charity or have been met.
## **Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **Contractual income and performance related grants**
This is only included in the SOFA once the charity has provided the related goods or services or met the performance related conditions.
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## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Donated goods**
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do . so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt.In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SOFA as
Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable.
## **Donated services and facilities**
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## **Income from interest, royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Settlement of insurance claims**
Insurance claims are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOFA.
## **Investment gains and losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **2 Expenditure And Liabilities**
## **Liability recognition**
Liability recognition: Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance and support costs**
Governance and support costs: Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
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## **Fairbeats Music**
**NOTES TO THE FINANCIAL STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Grants with performance conditions**
Grants with performance conditions: Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
Grants payable without performance conditions: Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
## **Redundancy cost**
Redundancy cost : The charity made no redundancy payments during the reporting period.
## **Creditors**
Creditors: The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Provisions for liabilities**
Provisions for liabilities: A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **Basic financial instruments**
Basic financial instruments: The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Current asset investments**
The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **3. Analysis of income**
|Donations and gifts
General grants provided by government/other charities
Charitable activities
**Total**
**Charitable activities**
Other
**Total**
**4. Analysis of expenditure**
**Unrestricted**
**funds**
**£**
Incurred seeking grants
2,299
**Total**
2,299
**Expenditure on charitable activities**
**Unrestricted**
**funds**
**£**
Core cost
5,937
Programme delivery
6,757
Payroll
12,050
**Total**
**24,743**
**Other**
**Unrestricted**
**funds**
**£**
Audit fees
-
**Total**
**-**|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**Income funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
21,556
-
21,556
760
5,000
103,591
108,591
93,431
1,002
-
1,002
555
**27,558**
**103,591**
**131,149**
**94,746**
1,002
-
1,002
555
**1,002**
**-**
**1,002**
**555**
**Restricted**
**Endowment**
**Total**
**Total**
**Income funds**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
3,582
-
5,881
5,288
-
3,582
-
5,881
**5,288**
**Restricted**
**Endowment**
**Total**
**Total**
**Income funds**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
22,267
-
28,204
13,389
36,367
-
43,123
27,818
45,800
-
57,850
57,196
**104,433**
**-**
**129,176**
**98,403**
**Restricted**
**Endowment**
**Total**
**Total**
**Income funds**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
500
-
500
480
**500**
**-**
**500**
**480**|
|---|---|
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **5. Fees for examination of the accounts**
|Independent examiner’s fees
**Total**
**6. Paid employees**
**6.1 Staff Costs**
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
**Total**|**Total**
**Total**
**2025**
**2024**
**£**
**£**
500
480
**500**
**480**
**Total**
**Total**
**2025**
**2024**
**£**
**£**
56,002
55,100
(366)
-
2,213
2,096
**57,850**
**57,196**|
|---|---|
## **6.2 Average head count in the year**
|Charitable Activities
**Total**|**Total**
**Total**
**2025**
**2024**
4
4
**4**
**4**|
|---|---|
**7. Defined pension contribution scheme or defined benefit scheme accounted for as a defined contribution scheme.**
Amount of contributions recognised in the SOFA as an expense £2,213 (2024- £2,096)
## **8. Debtors and prepayments**
|Trade debtors
Other debtors
**Total**|**This Year**
**Prior Year**
**2025**
**2024**
**£**
**£**
4,000
4,000
200
200
**4,200**
**4,200**|
|---|---|
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Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **9.1 Creditors: amounts falling due within one year**
|Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
Pension Payable
Wages Payable
**Total**|**2025**
**2024**
**£**
**£**
1,711
610
38,142
42,470
( 1,718 )
728
25
25
326
-
259
-
**38,745**
**43,833**|
|---|---|
## **9.2 Deferred income**
|**9.2 Deferred income**|||
|---|---|---|
|Grant relating to the year ended 31 August 2026 were received in the year ended 31 August 2025|||
|Movement in deferred income account
Balance at the start of the reporting period
Amounts added in current period|**Total**
**2025**
-
36,172|**Total**
**2024**
-
41,000|
|**Total**|**36,172**|**41,000**|
|**10. Cash at bank and in hand**|||
|Movement in deferred income account
Cash at bank and on hand|**Total**
**2025**
61,234|**Total**
**2024**
70,731|
|**Total**|**61,234**|**70,731**|
15
Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **11. Summary of Funds- Current year**
|**General Funds**
Unrestricted Fund / Individual Giving
City Bridge Foundation
Belpech Trust
Emma Smiley
Horizon Foundation
Masonic Charitable Trust
Nigel Higgins
Susan Rockey
UK Youth
**Total General Funds**
**Total unrestricted funds**
AHRC Project
Brian Murtagh Charitable Trust
Garfield Weston Foundation
Invesco Cares
Lewisham Borough of Sanctuary
Martyn Donaldson
National Foundation for Youth Music - B/fwd
National Foundation for Youth Music
Shaftesbury Young People
Sisters of the Holy Cross
Society of the Holy Child Jesus
Special Collections / Appeals
Tesco Community Grants
The Big Give Trust
The Foyle Foundation
The Hilden Charitable Fund
The Marchus Trust
Trinity Laban
The Samuel Gardner Memorial Trust
The Swan Mountain Trust
**Total restricted funds**
**Total funds**|**Balance at**
**01/09/2024**
13,162
-
2,263
3,150
2,226
-
-
1,113
-
21,913
**21,913**
-
435
-
796
-
409
4,599
-
899
-
-
-
320
222
1,300
-
-
-
205
-
9,184
**31,098**|**Income**
**Expenditure Transfers**
**In/Out**
2,058
2,910
-
4,500
-
-
5,000
3,675
-
-
1,619
-
-
2,226
-
5,000
5,000
-
1,000
500
-
-
1,113
-
10,000
10,000
-
27,558
27,042
-
**27,558**
**27,042**
**-**
500
500
-
-
-
-
15,000
15,000
-
-
796
-
1,500
1,500
-
-
409
-
-
4,599
-
40,181
40,181
-
-
899
-
20,000
20,000
-
10,000
8,475
-
85
85
-
-
320
-
-
222
-
-
-
-
7,000
6,000
-
5,000
5,000
-
325
325
-
-
205
-
4,000
4,000
-
103,591
108,515
-
**131,149**
**135,557**
**-**|**Balance at**
**31/08/2025**
12,310
4,500
3,588
1,531
-
-
500
-
-
22,429
**22,429**
-
435
-
-
-
-
-
-
-
-
1,525
-
-
-
1,300
1,000
-
-
-
-
4,260
**26,689**|
|---|---|---|---|
Note - During the year, the 'Martyn Donaldson' fund was reclassified and is now presented as a restricted fund.
16
Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **12. Charity funds**
## **12.1 Details of material funds held and movements during the CURRENT reporting period**
Key: PE - Permanent Endowment funds; EE - Expendible Endowment funds; R - Restricted income funds, including special trusts, of the charity; and UR -Unrestricted funds
|**Fund names**
**Type PE,**
**Purpose and Restrictions**
**EE, R or UR**
Unrestricted Fund / Individual Giving
UR
City Bridge Foundation
UR
Belpech Trust
UR
Emma Smiley
UR
Horizon Foundation
UR
Masonic Charitable Trust
UR
Nigel Higgins
UR
Susan Rockey
UR
UK Youth
UR
AHRC Project
R
Research partnership
Brian Murtagh Charitable Trust
R
Programme delivery
Garfield Weston Foundation
R
Core costs
R
Bursaries programme delivery
R
Future Leaders Lewisham programme delivery
Martyn Donaldson
R
Lewisham programme delivery
National Foundation for Youth Music - B/fwd
R
Future Leaders Lewisham programme delivery
National Foundation for Youth Music
R
Programme delivery
Shaftesbury Young People
R
Future Leaders programme delivery
Sisters of the Holy Cross
R
Core costs
Society of the Holy Child Jesus
R
Core costs
Special Collections / Appeals
R
Programme delivery
Tesco Community Grants
R
Programme delivery
The Big Give Trust
R
Lewisham programme delivery
The Foyle Foundation
R
Core costs
The Hilden Charitable Fund
R
Core costs
The Marchus Trust
R
Love to Learn programme delivery
Trinity Laban
R
Future Leaders programme delivery
The Samuel Gardner Memorial Trust
R
Programme delivery
The Swan Mountain Trust
R
Love to Learn programme delivery
**Total**|**Fund**
**Balances**
**B/Fwd.**
13,162
-
2,263
3,150
2,226
-
-
1,113
-
-
435
-
796
-
409
4,599
-
899
-
-
-
320
222
1,300
-
-
-
205
-
**31,098**|**Income**
2,058
4,500
5,000
-
-
5,000
1,000
-
10,000
500
-
15,000
-
1,500
-
-
40,181
-
20,000
10,000
85
-
-
-
7,000
5,000
325
-
4,000
**131,149**|**Expenditure **
(2,910.0)
-
(3,675.0)
(1,618.8)
(2,225.6)
(5,000.0)
(500.0)
(1,112.8)
(10,000.0)
(500.0)
-
(15,000.0)
(796.1)
(1,500.0)
(408.8)
(4,598.6)
(40,181.0)
(898.6)
(20,000.0)
(8,474.8)
(85.0)
(320.0)
(222.0)
-
(6,000.0)
(5,000.0)
(325.0)
(205.4)
(4,000.0)
**( 135,557 )**|**Transfers**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Gains and**
**Losses**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Fund**
**Balances**
**Carried fwd.**
12,310
4,500
3,588
1,531
-
-
500
-
-
-
435
-
-
-
-
-
-
( 0 )
-
1,525
-
-
-
1,300
1,000
-
-
-
-
**26,689**|
|---|---|---|---|---|---|---|
17
Docusign Envelope ID: 3C23C07B-B602-8ECA-80A1-6D9161C857B5
## **Fairbeats Music**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **12. Charity funds**
## **12.2 Details of material funds held and movements during the PREVIOUS reporting period**
Key: PE - Permanent Endowment funds; EE - Expendible Endowment funds; R - Restricted income funds, including special trusts, of the charity; and UR -Unrestricted funds
|**Fund names**
**Type PE,**
**Purpose and Restrictions**
**EE, R or UR**
Individual Giving
UR
Project management, training etc
Belpech Trust
UR
Music workshops & Fairbeats overheads
Emma Smiley
UR
Music workshops & Fairbeats overheads
Horizon Foundation
UR
Music workshops
Martyn Donaldson
UR
Music workshops & Fairbeats overheads
Masonic Charitable Trust
UR
Music workshops & Fairbeats overheads
Susan Rockey
UR
Music workshops, overheads, payroll
Invesco Cares
R
Music lessons, tickets
National Foundation for Youth Music 21-24
R
Music workshops, overheads, payroll
Shaftesbury Young People
R
Music workshops
Sisters of the Holy Cross
R
Music workshops, overheads, payroll
Tesco Community Grants
R
Music workshops, overheads, payroll
R
Music workshops, overheads, payroll
R
Music workshops, overheads, payroll
The Foyle Foundation
R
Music workshops, overheads, payroll
The Samuel Gardner Memorial Trust
R
Music workshops
Wandsworth Grant
R
Music workshops
Other funds
R
Total|**Fund**
**Income**
**Balances**
**B/Fwd.**
11,847
1,315
6,157
-
13,027
2,418
-
409
-
-
5,000
1,113
-
796
-
3,737
39,892
8,015
-
-
20,000
-
1,000
-
4,702
5,512
-
10,000
339
-
180
-
-
-
**40,523**
**94,936**|**Expenditure **
-
( 3,894 )
( 9,877 )
( 192 )
-
( 5,000 )
-
-
( 39,030 )
( 7,117 )
( 20,000 )
( 680 )
( 4,480 )
( 5,077 )
( 8,700 )
( 134 )
( 180 )
-
**( 104,361 )**|**Transfers**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Gains and**
**Losses**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Fund**
**Balances**
**Carried fwd.**
13,162
2,263
3,150
2,226
409
-
1,113
796
4,599
898
-
320
222
435
1,300
205
-
-
**31,098**|
|---|---|---|---|---|---|
18